I cannot believe that people are still honestly writing this stuff. Is there no such thing as journalistic integrity? This sounds like Baghdad Bob saying that there are no US troops in the country as the army was entering Baghdad.
This completely ignores every positive sign the economy has been showing. It points out that the unemployment rate does not include discouraged workers, while ignoring the fact that it never has. It over-exaggerates the inflation risk. It implies that rising taxes will help lower the unemployment rate without any support. It ignores the effect of higher productivity on inflation and the ability to leave interest rates low due to productivity.
This is a joke.
That was a rhetorical question, right? :)
The only thing that would make professor Zimbalist happier than a major market crash this summer is a horrific terrorist attack on our forces in Iraq.